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🔹Reviews of Cognitive Society
On May 5, Bitcoin fell back to the lowest point of 62,800, which coincided with the support level of 62,500 in the article of Cognitive Society yesterday.
On May 4, Bitcoin surged to 64,600, which is perfectly consistent with the pressure point of 64,600 in the Cognition Society article yesterday.
Bitcoin fell back as expected, with the lowest price of 62,800 exceeding the expectations of the Cognitive Society, which is considered to be extremely strong.
The long lower shadow of Bitcoin's weekly chart shows that the bottom-fishing power is super strong. The incremental funds broke the third historical bottom of Bitcoin. Grayscale's increase in positions will become an important moment in the 24-year bull market.
Cognition Society believes that as long as there is no huge negative news, such as Ethereum is a security, the third historical bottom of Bitcoin is likely to be around 56,600. Because the institutional buying around here is too strong, it is difficult to fall too deep without destructive negative news.
The most important thing on May 4th was not the surge in Bitcoin, but Grayscale’s first increase in Bitcoin holdings in three years.
Grayscale's GBTC has been sold for nearly four months since the Bitcoin spot ETF was approved. If there is a little inflow of funds in the future, Bitcoin's 56,500 is likely to be the bottom area.
As long as there is no destructive negative news, the US will cut interest rates at the end of the year. Cognition Society firmly believes that the crypto market will begin to recover at the end of the year. Wait patiently. This is already the darkest moment, but also the best opportunity. Buy at a low price.
Bitcoin rebound pressure level 65000 66600
Although incremental funds have entered the market, it seems impossible for Bitcoin to stabilize at 66,600 in one go, because is the market cleansing after a few days of plunge really sufficient?
It is better to be stuck in a bull market for a few months than to miss out on the bull market.
Every plunge in Bitcoin and Ethereum is an opportunity, so keep an eye on it. From the current perspective, April 14 is likely to be the historical bottom area.
SOL 143 138 support level 152 160 resistance level
DOGE, JTO, PEPE...More👉Hot copycat trend reviews
🔹The K-line spirit of cognitive society
Many new fans feel that the articles of Cognition Society do not have direct bullish or bearish opinions, which affects the chances of making money by playing contracts. The principle of Cognition Society is to play more spot in a bull market. We do not over-judge the rise and fall of short-term prices. This is not Tai Chi, but Cognition Society has its own principles.
Cognitive Society does not know when Bitcoin will plummet, but we remind ourselves that every time Bitcoin plummets, it is an opportunity. We enter the market when Bitcoin plummets and deploy our favorite Ethereum UNI and hot altcoins.
Therefore, if you hold 8 layers of positions, you should control your positions to around 7 layers when Bitcoin accelerates its rise. In the bull market, don't fantasize about shorting your positions every time Bitcoin plummets.
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🔹 Daily Coin News Interpretation
Opinion: Stablecoins will surpass Visa in total payment volume in the second quarter
Banana Capital investor Turner Novak wrote on the X platform that there is a view that the total payment volume of stablecoins will exceed Visa in the second quarter.
📍Interpretation of Cognitive Society: In a few years, the public will slowly buy stablecoins ten times the current amount
Arbitrum One’s ETH deposit inflow accounts for 75% of the L2 network
On May 5, Spencer Noon, founder of the on-chain analysis platform OurNetwork, posted on the X platform that as of April 28, Arbitrum One had accumulated ETH deposits worth $5.2 billion, reaching a record high. The platform's 1.74 million ETH balance exceeds the total of other EVM chains. Data from CEX also shows that Arbitrum One is the main second-layer (L2) network for ETH deposits, and as of May 2024, its deposit inflows account for 75% of all L2 networks.
📍Interpretation of Cognitive Society: UNI ARB with high value but no increase .................
NEAR’s TVL reached $335 million in the first quarter, a 163% increase from the previous quarter
On May 5, Messari researcher Nick Garcia wrote on the X platform that NEAR Protocol performed outstandingly in the first quarter of 2024, with its total locked value (TVL) reaching $335 million, a 163% increase from the previous month and a 547% increase from the previous six months. The number of daily active addresses reached 1.2 million, a 42% increase from the previous month and a 377% increase from the previous six months. In addition, NEAR's stablecoin market value increased by 176% from the previous month to $214 million. The total number of NEAR accounts has exceeded 100 million.
📍Cognitive Society Interpretation: NEAR’s strength is due to the expectations of AI
🔹Summary: There is no destructive negative news. Bitcoin 56600 is likely to be the bottom area of the third historical bottoming. At present, it is likely that April 14th is the historical bottom area. Bitcoin 56500 is likely to be the bottom area; 24 years is the initial stage of the bull market of Bitcoin and Ethereum. Every plunge is an opportunity. The long-term K-line research focuses on Ethereum UNI OP NEAR BLUR and link cake;
🔹May 6 short-term data
🏷Bitcoin
Support: 63000 62000
Pressure level: 64800 66600
🏷Ethereum
On May 5, Ethereum fell back to the lowest point of 3080, which coincided with the support level of 3080 in the article of Cognitive Society yesterday.
3200 3300 is the key pressure point
When the price falls, arrange the long-term position of Ethereum in batches
Pressure level: 3160 3200
Support: 3100 3050
🏷 him
The 1. More near 1. More OP in the 2023 year of Cognitive Society, and the 0.2 BLUR, 200 BNB, and 5.5 LINK have been trapped and rotten for N months. Many altcoins in 2024 may also be trapped for several months. It is not meaningful to update and play the band at this time. In the next few months, most of the time, everyone will lie flat.
Cognition Society is the only one that reminds the bottom area near UNI4
Support: 7.2 7
Pressure level: 7.8 8.2
🏷️BLUR
0.43 pressure level
0.4 0.38 support level
🏷LINK
The high position can be taken back
15 15.8 pressure level
🏷OP
Minimum 2.8
The rush to 3 is really fierce, don't chase high, pay attention to the fall back
Cognition Society was the only one who reminded us to upgrade Cancun when the OP bottom was around 1.3.
Pressure level: 3.1 3.3
Support: 2.8 2.7
🏷 AI
Gradually becoming stronger, standing firm at 1.1 is the prerequisite
Every time AI plummets, you should allocate some and pay attention to it. The new batch of long-term coins that Cognitive Society pays attention to
🏷1000SATS
0.3 0.34 is a strong pressure point
Reduce positions near the cost of 1000SATS, and reduce the proportion of long-term positions after reducing positions. The fluctuation is too large and most people can't stand it.
In case of a sharp drop in SATS, pay attention to it in batches. Here are the new batch of coins that Cognitive Society is paying attention to in the long term.
🏷1000RATS
0.14 0.18 Pressure level
In case RATS plummets, pay attention to it in batches. Here are the new batch of coins that Cognitive Society is paying attention to in the long term.
1000RATS
Reduce positions near cost, and reduce the proportion of long-term positions after reducing positions. The fluctuation is too large and most people can't stand it.
🏷DYDX
2.45 is the strong pressure point
Near support level 2
Every time DYDX plummets, you should allocate some and pay attention to it. The new batch of long-term coins that Cognitive Society pays attention to
Cognitive Society is very optimistic about the future and value of DYDX, which can be followed in batches
🏷BNB
Can you believe it?
On Earth, when BNB is around 200, Cognition Society exclusively reminds you to invest in BNB between 210 and 180
Support: 580 570
Pressure level: 600 620
🏷NFP
Want to stand firm at 0.53
Every time NFP plummets, you should allocate some and pay attention to the new batch of long-term coins that Cognitive Society is focusing on.
🏷CRV
family
0.48 pressure level
🏷ARB
This TM can also go sideways. It can only be strong if it stands firmly at 1.25
Don't cut meat
Cognitive Society Earth Exclusive Reminder "ARB" 0.9 below the fixed investment, for example 0.88 0.85 0.82 0.79 0.76 0.73. The actual minimum is 0.74
🏷NEAR
Particularly strong
When the price of NEAR23 is around 1, Cognition Society is the only one that reminds you to invest regularly when the price is around 1.3 to 1.
Pressure level: 7.2 7.5
Support level: 7 6.8
🏷️
The high position is taken back, there is not enough time. It may not be updated temporarily in the future. There are too many coins in the state
🔹Understanding attitude towards making money
Cognitive Society does not like hindsight
I don’t like those KOLs who claim that they can make a lot of money.
If someone in the cryptocurrency circle could profit from the rise and fall of every coin
Leverage is not about making 10 billion a year
But the second largest exchange on earth saw the market makers manipulate the market, and it only lost billions and went bankrupt.
Form your own trading system and make money within your own cognitive scope. Don't fantasize about making money from every daily rise and fall, let alone the rise and fall of every coin. This person does not exist on the earth, nor does this kind of organization. If such an organization existed, FTX, the exchange that looks after the main backstage, would not have gone bankrupt.
Mismatch between desire and ability
The heart can never be at peace
How can you hold on to the coins if you are not calm inside?
Many people always like to rely on other people's promises and guarantees to hold on to their coins when the market crashes.
Banks are going bankrupt. Even some big countries’ fiat currencies are going bankrupt. Evergrande and Zhongzhi Group are bankrupt with tens of trillions of dollars.
Do you think people who promise returns can be trusted in such a high-risk place like the crypto industry?
The charlatan is just talking nonsense. As for the real crash and bear market, have you ever seen those people who promote the bull market every day?
